Risks remain for departing Myer CEO

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Small Business Accountant Myer chief executive Bernie Brookes looks to have entered a purple patch for the nation's biggest department store just as his board begin to seriously consider succession planning to replace the long serving and popular CEO. Myer and Mr Brookes now look like recording four consecutive quarters of comparable store sales growth, the first time Myer will have achieved that feat since it was split from the ailing Coles Myer corporate mishmash nearly seven years ago. It all makes for perfect timing for Mr Brookes having led the private equity transformation of Myer from the basket case it was under the Coles Myer shingle, to a much stronger standalone retailer that will pump out premium profits in a brighter retail sector.
"To be sure, Myer's first half and second quarter sales were only up 1.7 per cent and 2.1 per cent respectively, but that needs to be put into context of the last two years when sales dropped through the floor as shoppers turned away from the stores and decided to shove their discretionary cash in the bank. For more than a month, pundits have been predicting the price would return to somewhere between $US100 and $US120 per tonne, with most saying the price rally seen over the Christmas and New Year period was unsustainable."

Unions blow dog whistle and ALP jumps to respond

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Solar Power Adelaide Last Tuesday, Workplace Relations Minister Bill Shorten dropped any pretence of support for business and the economic health of the nation when he sided with the militant Maritime Workers Union at their West Australian conference. New Immigration Minister Brendan O'Connor, whose brother Michael is the national secretary of the militant Construction Forestry, Mining and Energy Union, has been leading the attack with an outline of changes planned to 457 visas designed to appeal to unthinking union members. Anderson said businesses were being treated as woefully by the Gillard government as the cattle industry had been when the government arbitrarily banned the export of live animals on the basis of a television program, crippling enterprises across northern WA, the Northern Territory and northern Queensland and throwing hundreds of Aborigines out of work.
"One of the most widely cited measures of country corruption, Transparency International's Corruptions Perception Index, measures not actual corruption but how corrupt a country is perceived to be by selected experts. Without measures to control corruption, it is hard for a country to make progress (see Strengthening governance: tackling corruption, World Bank, 2012). Although Australia has nothing like the corruption common in the very poorest countries, we also have a level of complacency about our national public service that is puzzling to our neighbours."

Sheens to lead Kangaroos into World Cup

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SYDNEY: Australian rugby league chiefs confirmed on Sunday that Tim Sheens will lead the Kangaroos into next year's World Cup as they seek to reclaim the trophy they have dominated in recent decades. Visit Source "The Kangaroos have a proud history in the World Cup, winning nine of the 13 tournaments ever contested, so bringing the 2013 trophy home from the UK is my key focus," said Sheens, whose 12-month part-time appointment means he will serve a fifth term. National Rugby League general manager for league integration and game development Andrew Hill said the new coaching structure was part of the ARL Commission's commitment to growing the sport and the Australian Kangaroos brand. Now he will be able to help increase the profile of the Kangaroos which is important in a World Cup year," Hill said.
"FORMER rugby league international and current NRL judiciary member Royce Ayliffe is battling to stave off bankruptcy proceedings. Ayliffe shared in a six-figure settlement from Bellamy and Waldron but the group released a statement complaining of two year's of accumulated legal costs - even though Bellamy and Waldron agreed to pay their costs. Ayliffe, who represented NSW in the 1982 State of Origin series and played 18 minutes for Australia during the 1981 Brisbane Test against France, is due in court on December 19 unless he can strike a deal with ACM before then."